CEBR forecasts sharp rise in repossessions

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CEBR forecasts sharp rise in repossessions

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04-29-2008, 03:00 PM

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CEBR forecasts sharp rise in repossessions

The Centre for Economics and Business Research (CEBR) is predicting a sharp rise in the number of repossessions this year.The economic forecaster is expecting the figure to increase by 23%, to 33,400.CEBR has based its prediction on the rising cost of mortgages, tighter lending criteria that will leave some homeowners struggling to remortgage, and higher [...]

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